Maybe put a call in to the company next time?

In a story published on Saturday, March 25, the Financial Post reported that Celestica Inc. director William Etherington, who is also chairman of Canadian Imperial Bank of Commerce, faced allegations by the Quebec securities regulator that he had filed 53 separate late insider trading reports for trades in Celestica stock and could face fines of more than $1-million as a result.
The company states the transactions in question relate to the granting of deferred share units to Mr. Etherington earned as his compensation in lieu of cash payments. Celestica did not dispute the late filings given that the reports were filed more than 10 days after the DSUs were granted. However, the company states that "it has elected, as a voluntary matter, to file reports for all of its directors on a retroactive basis, given the recent pronouncements of Canadian Securities Administrators on these types of issues, and the resultant inconsistency in market practice in this area."
The DSUs will not be exchanged into shares until his retirement from the board.
The company also stated that Mr. Etherington has not traded in Celestica shares since joining the company's board.
Details on the granting of DSUs are published in the company's annual proxy filings.
Finally, the company said that because the Ontario Securities Commission is its principal regulator, it has jurisdiction on any matters relating to Celestica. The company stated the OSC yesterday informed Celestica that an administrative late-filing fee of $1,000 will apply in relation to Mr. Etherington's filings and Celestica does not anticipate any fines or penalties.
The Post regrets the errors and any embarrassment to Mr. Etherington. Link